QNB
QNB

Payment Facilitator & Aggregator Brief

Technical Payment Aggregator definition: 


A company that provides technical services to its sub-merchants on behalf of the bank through Electronic Acceptance services, which includes providing e-payments services for paying bills/services 


Technical Payment Aggregator benefits:

 

  •  open a potentially larger pool of clients
  •  New source of revenue. 
  • Commission gained from sub- merchants’ volumes per transaction. 
  • Expanding the market share.

 

Payment Facilitator definition:

 
A Company which signs with merchants directly on behalf of the bank based on CBE regulations to provide them with different financial technology services by setting up a technical platform for sub merchants and link them to electronic collection methods. 


Payment Facilitator benefits: 


1.    Control of the underwriting & onboarding process 
2.    open a potentially larger pool of clients 
3.    New source of revenue. 
4.    Gaining interest from the incoming flow over the Payment Facilitator’s account.
5.    Commission gained from sub- merchants’ volumes per transaction. 
6.    Expanding the market share.
 

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